Stock Yards Bank & Trust Co. Decreases Position in Dover Corporation $DOV

Stock Yards Bank & Trust Co. trimmed its stake in Dover Corporation (NYSE:DOV) by 16.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,975 shares of the industrial products company’s stock after selling 3,370 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Dover were worth $3,538,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Orion Porfolio Solutions LLC lifted its position in Dover by 0.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after buying an additional 51 shares during the last quarter. Frank Rimerman Advisors LLC increased its position in Dover by 2.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 52 shares during the last quarter. KCM Investment Advisors LLC raised its stake in shares of Dover by 3.5% in the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 53 shares during the period. Tectonic Advisors LLC lifted its holdings in shares of Dover by 1.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after acquiring an additional 54 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Dover by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 56 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Dover stock opened at $217.45 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The stock has a market cap of $29.28 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. The firm has a 50-day moving average of $218.56 and a two-hundred day moving average of $213.86. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54.

Dover (NYSE:DOV) last issued its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, research analysts forecast that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s payout ratio is 25.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $229.00 target price on shares of Dover in a research report on Friday, April 24th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research note on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 price target on shares of Dover in a report on Friday, April 24th. Finally, Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

Dover Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.